Arch Resources (NYSE:ARCH) Coverage Initiated at StockNews.com

Research analysts at StockNews.com began coverage on shares of Arch Resources (NYSE:ARCH) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the energy company’s stock.

Other research analysts have also issued reports about the company. B. Riley cut their target price on Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Benchmark reaffirmed a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a report on Monday, November 18th. Finally, Jefferies Financial Group cut shares of Arch Resources from a “buy” rating to a “hold” rating and upped their target price for the company from $155.00 to $165.00 in a research note on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Arch Resources currently has a consensus rating of “Hold” and a consensus price target of $173.60.

Arch Resources Price Performance

NYSE:ARCH opened at $155.29 on Thursday. Arch Resources has a one year low of $116.44 and a one year high of $187.60. The company has a fifty day moving average price of $154.19 and a 200 day moving average price of $148.59. The stock has a market cap of $2.81 billion, a P/E ratio of 16.31 and a beta of 0.64.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings data on Tuesday, November 5th. The energy company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $1.83 by ($2.17). Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The company had revenue of $617.90 million for the quarter, compared to analyst estimates of $587.71 million. During the same period in the prior year, the company posted $3.91 EPS. The firm’s quarterly revenue was down 17.0% on a year-over-year basis. As a group, equities research analysts anticipate that Arch Resources will post 5.86 EPS for the current year.

Insider Transactions at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction on Monday, October 14th. The stock was sold at an average price of $144.75, for a total value of $36,621.75. Following the completion of the transaction, the vice president now owns 29,120 shares in the company, valued at approximately $4,215,120. The trade was a 0.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.40% of the stock is owned by company insiders.

Institutional Trading of Arch Resources

Several large investors have recently made changes to their positions in the business. CWM LLC raised its holdings in shares of Arch Resources by 132.0% in the second quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after buying an additional 99 shares during the last quarter. Quest Partners LLC bought a new position in shares of Arch Resources in the third quarter worth about $50,000. Blue Trust Inc. raised its stake in shares of Arch Resources by 5,500.0% in the second quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock worth $54,000 after acquiring an additional 330 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Arch Resources during the second quarter worth approximately $55,000. Finally, KBC Group NV grew its stake in shares of Arch Resources by 43.3% during the third quarter. KBC Group NV now owns 569 shares of the energy company’s stock valued at $79,000 after purchasing an additional 172 shares during the last quarter. Institutional investors own 88.14% of the company’s stock.

Arch Resources Company Profile

Arch Resources, Inc engages in the production and sale of metallurgical products. It operates in two segments, Metallurgical and Thermal. The company operates active mines. It owned or controlled primarily through long-term leases of coal land in Ohio, Maryland, Virginia, West Virginia, Wyoming, Kentucky, Montana, Pennsylvania, Colorado, and Illinois; and smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.